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Avoiding Nash Inflation: Bayesian and Robust Response to Model Uncertainty

Language EnglishEnglish
Book Paperback
Book Avoiding Nash Inflation: Bayesian and Robust Response to Model Uncertainty Federal Reserve Board
Libristo code: 17376095
Publishers Createspace Independent Publishing Platform, December 2014
This paper considers the design of monetary policy under uncertainty. Specifically, we usea simple m... Full description
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This paper considers the design of monetary policy under uncertainty. Specifically, we usea simple model to jointly consider three things: learning by the monetary authority; model misspecification; and robust policies to counter the misspecification probl

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About the book

Full name Avoiding Nash Inflation: Bayesian and Robust Response to Model Uncertainty
Author Federal Reserve Board
Language English
Binding Book - Paperback
Date of issue 2014
Number of pages 44
EAN 9781505421989
ISBN 1505421985
Libristo code 17376095
Publishers Createspace Independent Publishing Platform
Weight 127
Dimensions 216 x 280 x 2

Categories

Economics, Finance, Business & Management > Business & Management
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